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Directors and officers don’t get bitten: amendments to the Work Health and Safety Act 2011 (NSW) are making penalties bite

Corporate & Commercial| 02 Jul 2020

Directors and officers don’t get bitten: amendments to the Work Health and Safety Act 2011 (NSW) are making penalties bite

Under recent changes to the Work Health & Safety Act 2011 (NSW) (WHS Act), directors and officers cannot be insured or indemnified for penalties for WorkSafe breaches. Our Insurance and Corporate teams discuss the implications of these changes for directors and officers (...

COVID-19: impact on insurance policies

Insurance| 20 Mar 2020

COVID-19: impact on insurance policies

There is tremendous anxiety among businesses and consumers as a result of COVID-19. Naturally, people and business are turning to their insurance policies to see whether or not they have cover for the disruption caused.

APRA issues information security standard

Banking & Finance| 16 Dec 2018

APRA issues information security standard

Australian Prudential Regulation Authority (APRA) issued Prudential Standard CPS 234 Information Security (CPS 234) on 7 November 2018.

Unfair contract laws to be extended to insurance

General Insurance| 06 Aug 2018

Unfair contract laws to be extended to insurance

Since 2010, Australia has had laws dealing with unfair contract terms (UCT Laws) in consumer contracts. These are contained in sections 23 to 28 of the Competition and Consumer Act 2010 (ACL) and, in respect of financial products and services, sections 12BF to 12BM ...

Insurable Interest – Issue 46

General Insurance| 03 Aug 2018

Insurable Interest – Issue 46

Mr Latz was diagnosed with mesothelioma in October 2016. It was accepted by all parties that Mr Latz’s illness was caused by Amaca’s negligence.